Asia Pacific Artificial Turf Market

Market Introduction

The market for artificial turf in the APAC is spread across Australia, China, India, Japan, South Korea, and the Rest of APAC. In APAC, the demand for artificial turf is increasing, mainly due to the rising use of artificial turf in the residential sector. Besides, an increase in consumer demand for having an aesthetic look to their garden and renovation and decoration trends are bolstering the demand for artificial turf in the region. Moreover, the rise in residential and commercial infrastructural facilities across the region is driving the market.

Furthermore, artificial turf requires less water use and chemicals, low maintenance, no irrigation, and weather resistance which is increasing the demand for artificial turf at sports facilities. Besides, with rising globalization, construction industry growth is becoming a key factor favoring the artificial turf market. For instance, in India, the construction industry is the second largest industry after agriculture, accounting for about 11% of the country’s GDP. In construction projects, artificial turf is widely demanded from homes, stadiums, sports fields, and commercial gardens. Thus, all these factors will drive the artificial turf market in APAC. Further, in recent years, the major market players in the region have invested heavily in R&D initiatives, contributing to the development of several innovative products. The key players are expanding their product portfolio by strategic mergers & acquisitions of small and medium-scale companies.

The COVID-19 pandemic severely affected many industries across APAC, including the chemicals & materials industry. Due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage. However, China was the first of all the APAC countries to recover from losses due to rapid vaccination and effective government regulations. This is projected to impact the growth of the artificial turf market positively. Furthermore, the rising penetration of e-commerce platforms across the region is projected to boost the sales of artificial turfs over the coming years.                        

Market Overview and Dynamics

The artificial turf market in APAC is expected to grow from US$ 1,123.71 million in 2021 to US$ 1,581.64 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. Artificial turf is suitable for different types of sports, but it is commonly used for sports such as baseball, football, lacrosse, rugby, and soccer. Artificial turf systems are popular in sports arenas due to easy maintenance, more playing time, and excellent durability. The acceptance of artificial turf by various sports associations has increased developments and production of artificial turf.  Moreover, artificial turf installation is becoming a common choice for stadiums due to advances in turf technology.     

Key Market Segments

APAC artificial turf market is segmented into material, application, and country. Based on material, the APAC artificial turf market is segmented into polyethylene, polypropylene, polyamide, and others. The polyethylene segment led the APAC artificial turf market in 2020. Based on the application, the APAC artificial turf market has been segmented into residential, commercial, and sport. The sports segment held the largest share of the APAC artificial turf market in 2020. Based on country, the APAC artificial turf market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the artificial turf market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Act Global; CCGrass; GreenFields BV; HATKO; Tarkett; TenCate Grass; and The Dow Chemical Company; Victoria PLC.          

Reasons to buy report

• To understand the APAC artificial turf market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC artificial turf market.
• Efficiently plan M&A and partnership deals in APAC artificial turf market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC artificial turf market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Artificial Turf Market Segmentation

APAC Artificial Turf Market - By Material

• Polyethylene
• Polypropylene
• Polyamide
• Others

APAC Artificial Turf Market - By Application

• Residential
• Commercial
• Sport

APAC Artificial Turf Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Artificial Turf Market - Company Profiles

• Act Global
• CCGrass
• GreenFields BV
• HATKO
• Tarkett
• TenCate Grass
• The Dow Chemical Company
• Victoria PLC

Asia Pacific Artificial Turf Market Strategic Insights

Asia Pacific Artificial Turf Market Segmentation Analysis

Asia Pacific Artificial Turf Market Report Highlights

Asia Pacific Artificial Turf Report Scope

Asia Pacific Artificial Turf Market Country and Regional Insights